Ethereum: The DAO

Details

After many months geth 1.4 has finally been released. Meanwhile the DAO (http://daohub.org) has become the next big hyped project in the ethereum space, having raised the equivalent of over 150 million dollars so far.

This meetup we'll look at what the DAO is and what it does. This time the meetup will take place in the "Post-Blockchain Lab" as part of the Coded Cultures: Openism (http://codedcultures.net/) Festival. Please note that this meetup takes place in a different location than usual.

There will also be another workshop in contract development for beginners (like the one in January) on the day after the meetup. For details see here (https://www.meetup.com/Ethereum-Vienna/events/230785715/). A more advanced workshop will take place in early June.

Agenda

General Introduction

A general overview of the ethereum project.

What are its aims? How does it work? Who is behind it? How does the release process work? What happens now?

Quick update regarding recent developments
Main Presentation - The DAO (http://daohub.org)

The DAO (http://daohub.org) is a Decentralized Autonomous Organization. It is owned by its dao token holders with the initial distribution being determined by the still ongoing sale. It has no central management and is solely controlled by voting of its token holders. Those can then vote on proposals submitted to the DAO and invest ether into those proposals. A part of the revenue of successful projects is then paid to the DAO and distributed to the token holders.

The DAO was created by slock.it, who will submit their proposal for funding once the crowdsale has ended.

In this presentation we'll look amongst other things into:

• What is the DAO?

• How does it work?

• What risks are involved?

• Who owns the tokens?